Emtek Group Now Owns Most Extensive Digital Financial Ecosystem


Representative of PT Elang Mahkota Teknologi Tbk (Emtek) stated that Sinarmas Group entities entered as shareholders of the DANA e-wallet platform through a rights issue. PT Elang Andalan Nusantara (EAN), a subsidiary of Emtek, still owns some shares in the e-wallet platform although the portion is reduced due to dilution. 

Emtek spokesperson Beverly Gunawan revealed that the new investment from Sinar Mas in DANA was a strategic collaboration. The Emtek Group hoped to create a positive impact on the development of the DANA digital ecosystem and for stakeholders.

"The investment will not change our business, and we will keep fully supporting DANA," Beverly told Katadata.co.id, on Friday. More detailed information on Sinarmas' investment plans in DANA will be disclosed to the public when related authorities have approved all requirements.

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you’ll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.